Cibc World Market Inc. Acquires 22,060 Shares of Roblox Corporation $RBLX

Cibc World Market Inc. increased its stake in shares of Roblox Corporation (NYSE:RBLX) by 188.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,775 shares of the company’s stock after buying an additional 22,060 shares during the period. Cibc World Market Inc.’s holdings in Roblox were worth $4,679,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RBLX. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Roblox during the third quarter valued at approximately $26,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Roblox during the third quarter worth approximately $37,000. Total Investment Management Inc. acquired a new position in Roblox in the second quarter valued at approximately $29,000. Root Financial Partners LLC bought a new position in Roblox in the third quarter valued at approximately $38,000. Finally, Salomon & Ludwin LLC acquired a new stake in Roblox during the 3rd quarter worth $41,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

RBLX has been the subject of a number of recent analyst reports. Jefferies Financial Group set a $85.00 price objective on Roblox in a report on Thursday, January 15th. B. Riley Financial assumed coverage on Roblox in a research note on Tuesday, December 9th. They issued a “buy” rating and a $125.00 price target for the company. Wedbush reissued an “outperform” rating and set a $110.00 price objective on shares of Roblox in a research note on Friday, February 6th. BMO Capital Markets restated an “outperform” rating on shares of Roblox in a report on Friday, February 6th. Finally, Oppenheimer cut their target price on shares of Roblox from $150.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.44.

Insider Activity at Roblox

In other Roblox news, insider Mark Reinstra sold 34,320 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $72.65, for a total transaction of $2,493,348.00. Following the sale, the insider directly owned 454,322 shares of the company’s stock, valued at approximately $33,006,493.30. This represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Anthony P. Lee sold 7,000 shares of Roblox stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $82.45, for a total transaction of $577,150.00. Following the completion of the transaction, the director directly owned 256,768 shares of the company’s stock, valued at approximately $21,170,521.60. This trade represents a 2.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 789,521 shares of company stock worth $61,989,659. Insiders own 12.92% of the company’s stock.

Roblox Stock Down 0.1%

Roblox stock opened at $63.09 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65. Roblox Corporation has a 1-year low of $50.10 and a 1-year high of $150.59. The company has a fifty day simple moving average of $78.57 and a 200 day simple moving average of $106.03. The company has a market cap of $41.74 billion, a P/E ratio of -40.70 and a beta of 1.63.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.04. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $2.08 billion. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. The company’s quarterly revenue was up 122.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.33) EPS. Research analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Roblox News Roundup

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: Roth Capital upgraded RBLX to a “Buy”, which can boost short-term sentiment and provide analyst support for a rebound. Roth Capital upgrades Roblox (RBLX) to buy
• Neutral Sentiment: Market write-ups and explainers contextualize the selloff (valuation, mixed earnings vs. estimates) but don’t add a new catalyst. Useful background for positioning. Why Roblox Corporation’s (RBLX) Stock Is Down 5.99%
• Negative Sentiment: Regulatory child-safety probes (Australia and testing of compliance) raise near-term legal, reputational and user-growth risks — this can pressure valuation and advertiser/partner confidence. Regulatory Child Safety Probes Put Roblox Valuation And Growth Under Question
• Negative Sentiment: Clustered insider selling: multiple executives (including CEO David Baszucki and other senior insiders) sold large blocks in early Feb., representing multi‑million-dollar disposals — investors often view concentrated insider sales as a negative signal. Roblox Insiders Sell US$45m Of Stock, Possibly Signalling Caution

Roblox Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.